However the general takeover talks have hit a stumbling block in regards to all of SAI Global's assets.

According to SAI Pacific Equity Partners (PEP) and KKR Asia (which together make the takeover consortium) have not submitted a final offer for all of the company "despite extensive due diligence".

"PEP has claimed uncertainty in relation to the valuation of one part of SAI Global's businesses," SAI explained.

"[SAI Global] asked PEP/KKR for an indication of their valuation of the remaining businesses, which comprises the majority of the value of SAI Global; PEP/KKR declined to give any such indication, and in the absence of any valuation parameters the SAI Board determined it is not in shareholders' interests to proceed further with the consortium."

Speaking on the withdrawal from the process SAI Global chair Andrew Dutton said "over the past 15 weeks we have conducted a thorough process, with extensive due diligence documentation, multiple meetings with management, and answers to hundreds of questions from participants".

"We will [now] progress the proposal [for the underlying businesses] that we have received in the interest of maximising shareholder value," Dutton said.

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